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Score

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0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

The Traders Domain

Saint Vincent and the Grenadines|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Global Business|High potential risk|

https://thetradersdomain.com/

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

TradersDomainFX-Demo

United Kingdom
MT4
3

Influence

C

Influence index NO.1

United States 3.53
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

3
Server Name
TradersDomainFX-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

United States 3.53

Surpassed 29.85% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+1 8003510121
SUPPORT@THETRADERSDOMAIN.COM
https://thetradersdomain.com/
Beachmont Business Centre, 304, Kingstown St. Vincent and the Grenadines

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+1 8003510121

Broker Information

More

Company Name

Traders Domain FX Ltd

Company Abbreviation

The Traders Domain

Platform registered country and region

Saint Vincent and the Grenadines

Company website
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

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    The Traders Domain · Company Summary

    The Traders Domain Basic Information
    Registered Country/Region Saint Vincent and the Grenadines
    Founded in 2018
    Company Address Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont Kingstown, St. Vincent and the Grenadines
    Regulation No regulation
    Tradable Instruments Forex, Cryptocurrencies
    Trading Platforms MetaTrader 4, MetaTrader 5
    Account Types Standard, ECN, Islamic, PAMM, and MINI BTC
    Minimum Deposit $100
    Maximum Leverage 1:500
    Spreads From 0.0 pips (certain account types)
    Commission $67per lot traded
    Deposit Methods Credit/debit cards, bank wire transfer, e-wallets
    Customer Support Email, live chat, phone
    Educational Resources Limited educational resources
    Bonus Offers None

    *Please note that the information in this table is subject to change and you should always refer to the broker's official website for the most up-to-date information.

    Overview of The Traders Domain

    The Traders Domain is a forex and CFD broker that is registered in Saint Vincent and the Grenadines. The broker was established in 2018 and offers trading in a range of financial instruments, including forex, cryptocurrencies and more. The Traders Domain provides traders with a range of account types, including Standard, ECN, Islamic, PAMM, and MINI BTC, with minimum deposit requirements of $100 and the maximum trading leverage up to 1:500.

    The broker offers its clients the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are widely regarded as the most popular and reliable trading platforms in the industry. Traders can access the platforms via desktop, web, and mobile devices. The Traders Domain provides a range of trading tools and features, including a range of technical analysis tools, expert advisors, and copy trading services.

    basic-info
    basic-info

    Is The Traders Domain legit or a scam?

    The Traders Domain is registered in Saint Vincent and the Grenadines, but it is not regulated by any reputable financial authority. It is important to note that trading with an unregulated broker carries a higher risk as there is no oversight by a regulatory body to ensure fair practices and protection of clients' funds. Traders should conduct thorough research and due diligence before opening an account with an unregulated broker.

    Pros and Cons

    On the plus side, The Traders Domain offers multiple account options, with a minimum deposit of $100 for all account types, leverage up to 1:500. However, The Traders Domain is not regulated, which can be a concern for some traders who prioritize the security and safety of their investments.

    Pros Cons
    MT4 & MT5 trading platform Not regulated
    Acceptable minimum deposit amount Commissions charged on most accounts
    Generous leverage up to 1:500 Limited payment methods supported
    Multiple account options Limited educational resources
    Limited customer support options
    Limited research and analysis tools
    Limited trading instruments
    Not accept clients from some countries

    Market Intruments

    The Traders Domain offers a range of trading instruments including forex and cryptocurrencies. However, it seems that these are the only instruments available for trading, and there is no mention of other popular instruments such as commodities or indices. While forex and cryptocurrencies can provide ample trading opportunities, the lack of diversity in trading instruments may not suit some traders who prefer a wider range of options.

    account-types
    Pros Cons
    None Limited currency pairs and cryptocurrency offered
    No other popular trading instruments, like commodities, stocks, indices, energy offered

    Account Types

    The Traders Domain offers a range of account types to cater to the needs of various traders. The ECN account is suitable for experienced traders who require direct access to liquidity providers. The Standard account is designed for beginners and retail traders who prefer fixed spreads. The Islamic account follows the principles of Islamic finance, and the PAMM account is suitable for money managers who want to manage multiple accounts. The MINI BTC account is ideal for traders who want to trade cryptocurrencies in smaller amounts. All accounts require a minimum deposit of $100, which is quite reasonable compared to other brokers.

    account-types
    account-types

    How to open an account?

    If you want to open an account with The Traders Domain, it's pretty simple.

    1. Head over to their website and click on the “Open A Live Account” button.

    open-account
    1. You'll need to fill out some basic information, like your name, email, and phone number.

    open-account
    1. . Then, you'll choose which type of account you want to open - they have options like Standard, ECN, and Islamic accounts, to name a few.

    2. Once you've chosen your account type, you'll need to make a deposit to fund your account. The minimum deposit for all account types is $100. The Traders Domain accepts a variety of payment methods, including credit/debit cards, bank transfers, and cryptocurrencies like Bitcoin.

    3. After you've made your deposit, you'll need to verify your account by providing some identification documents. This is a standard procedure to prevent fraud and ensure the safety of your account. Once your account is verified, you can start trading.

    Leverage

    The Traders Domain offers flexible leverage options to its traders, with a maximum of 1:500. This means that traders can trade with a higher amount than what they have in their accounts. However, it is important to note that high leverage can increase both potential profits and losses. So, traders should always use leverage with caution and implement appropriate risk management strategies.

    It is also worth noting that The Traders Domain offers different account types, and each account type has a different spread structure. For instance, the ECN account offers tighter spreads with a commission charged per trade, while the standard account has wider spreads with no commission charged. Additionally, the Islamic account is swap-free, and traders can request it at the time of account opening.

    Spreads & Commissions (Trading Fees)

    When it comes to trading fees, traders need to be aware of the spreads and commissions charged by a broker. The Traders Domain offers variable spreads that start from 0 pips.

    It is also worth noting that The Traders Domain offers different account types, and each account type has a different spread structure. For instance, the ECN account offers tighter spreads with a commission charged per trade, while the standard account has wider spreads with no commission charged. Additionally, the Islamic account is swap-free, and traders can request it at the time of account opening.

    leverage
    leverage

    Non-Trading Fees

    Non-trading fees refer to the fees charged by a broker that are not directly related to trading activities. These fees can include withdrawal fees, inactivity fees, and account maintenance fees, among others. In the case of The Traders Domain, the broker does not charge any fees for deposits or withdrawals. However, clients may be subject to fees from payment providers, such as banks or payment processors. Additionally, the broker may charge an inactivity fee of $50 per month for accounts that have been dormant for a period of six months or longer.

    Trading Platform

    The Traders Domain offers two of the most popular trading platforms in the industry, MT4 and MT5. Both platforms are available for desktop and mobile devices, allowing traders to access their accounts and monitor their trades anytime and anywhere. MT4 is widely recognized for its user-friendly interface, powerful charting capabilities, and the ability to automate trading with the use of Expert Advisors (EAs). MT5, on the other hand, is the newer version of the platform, offering additional features such as more advanced charting tools and the ability to trade a wider range of financial instruments. The Traders Domain also offers the WebTrader platform, which is a browser-based trading platform that does not require any software download or installation.

    trading-platform
    trading-platform
    trading-platform

    Deposit & Withdrawal

    The Traders Domain offers a range of deposit and withdrawal methods to suit the needs of its clients. Clients can deposit funds using VISA, Mastercard, and cryptocurrencies, among others. The minimum deposit for all account types is $100, which is relatively low compared to other brokers in the industry. The maximum deposit amount through VISA/MasterCard ( Debit/Credit) is $3,000 per day, with a 10% deposit fee. Deposits through crypto have no limits of maximum deposit, with a deposit fee of 2.5%. Buy crypto (debit/credit) has a 6.99% deposit fee.

    deposit-withdrawal

    Please note that clients may incur withdrawal fees depending on the payment method used. For example, withdrawals through crypto are subject to a fee of 2.5%. It's worth noting that some payment methods may take longer than others to process, so clients should check with the broker for more information on processing times.

    deposit-withdrawal

    Customer Support

    The Traders Domain offers various customer support options including a live chat feature on their website, email support, and phone support during working hours. Additionally, they have an extensive FAQ section on their website that covers a wide range of topics related to trading and account management. However, this broker only has a presence on Instagram, where customers can interact with the support team and get the latest news and updates.

    customer-support
    customer-support
    Pros Cons
    Live Chat Supproted Only one social media platform available - Instagram
    A comprehensive FAQs section
    Email & Phone support available

    Educational Resources

    Unfortunately, it seems that The Traders Domain does not provide any educational resources for its clients. There is no dedicated educational section on the broker's website.

    Conclusion

    Overall, The Traders Domain is a forex and crypto broker that offers multiple account types, leverage of up to 1:500, and a choice of trading platforms, including both MT4 and MT5. However, there are also some potential drawbacks to consider, such as the lack of regulation, limited market instruments, absence of educational resources, and non-trading fees such as withdrawal fees may apply. Therefore, traders should carefully evaluate their options and conduct thorough research before deciding whether to open an account with The Traders Domain or not.

    FAQs

    Q: Is The Traders Domain a regulated broker?

    A: No, The Traders Domain is not a regulated broker.

    Q: What is the minimum deposit required to open an account with The Traders Domain?

    A: The minimum deposit required to open an account with The Traders Domain is $100 for all account types.

    Q: Does The Traders Domain offer any bonuses or promotions?

    A: It is not clear if The Traders Domain offers any bonuses or promotions, as the information is not provided on their website.

    Q: What is the maximum leverage offered by The Traders Domain?

    A: The maximum leverage offered by The Traders Domain is 1:500.

    Q: What trading instruments are available at The Traders Domain?

    A: The Traders Domain offers a limited range of trading instruments, which includes forex and cryptocurrencies.

    Q: Does The Traders Domain charge any non-trading fees?

    A: Yes, The Traders Domain charges non-trading fees such as withdrawal fees and inactivity fees. It is important to review their fee schedule carefully before opening an account.

    News

    Breaking: The Traders Domain is not for traders, for sure.

    ExposureBreaking: The Traders Domain is not for traders, for sure.

    2023-06-09 15:30

    According to Youtuber “Coffeezilla”,Traders Domain is a forex broker that is suspected of being a Ponzi scheme involved in a $500 million fraud. The Traders Domain claimed that in three years, they made returns of $473,661.37. some reports said that a lot of people and celebrities who have money in this broker and they cannot withdraw their money and eventually lost all of their funds.

    WikiFX
    2023-06-09 15:30
    Exposure
    Breaking: The Traders Domain is not for traders, for sure.
    Beware! Broker “The Traders Domain” is a total scam!

    ExposureBeware! Broker “The Traders Domain” is a total scam!

    2023-06-06 17:31

    In recent times, an online forex broker named "The Traders Domain" has come under intense scrutiny as numerous investors have claimed that the company is engaged in fraudulent activities. Given these alarming claims and the risks associated with investing, WikiFX is warning traders to steer clear of this broker.

    WikiFX
    2023-06-06 17:31
    Exposure
    Beware! Broker “The Traders Domain” is a total scam!
    WikiFX Review: Is it OK to invest in Traders Domain?

    NewsWikiFX Review: Is it OK to invest in Traders Domain?

    2022-05-20 13:52

    Can you withdraw money from Traders Domain? Is Traders Domain legit in your country? WikiFX made a comprehension review on this broker to help you better understand the truth, and you should never miss it.

    WikiFX
    2022-05-20 13:52
    News
    WikiFX Review: Is it OK to invest in Traders Domain?

    User Reviews

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    Comments

    Write a review

    Lion Pai 白舜元
    more than one year
    I doubt staff on the The Traders Domain platform know nothing about trading, for they keep giving me wrong instructions. What’s worse, they complain that I am wasting their time. **** it!
    2023-02-20 09:27
    Reply
    0
    0
    A优能大师 大师
    more than one year
    Making deposits was easy and simple, while withdrawing your money can be as difficult as climbing the Everest. Yes, I am not talking nonsense. You can see that I made my withdrawal requests on 02/01/2023, and I haven’t get my money yet.
    2023-02-16 17:45
    Reply
    0
    0
    David3552
    more than one year
    I have been waiting 36 business days for a withdrawal. I don't recommend investing funds into a brokerage where you cannot get your funds back out. Account #338856 Order #336993 11-3-2022 Order #344835 11-19-2022 Order #338856 11-7-2022
    2022-12-30 22:05
    1
    0
    0
    fxtrader10x
    more than one year
    I’ve been waiting almost 40 business days for my $16m withdrawal. Support has been sluggish. tons of excuses and no accountability from the brokerage.I will update my review if I get my money out this brokerage
    2022-12-13 04:45
    1
    0
    0
    吕合金
    more than one year
    This company is a complete liar. They not only tampered with my transactions and maliciously made me lose money, but also blocked my withdrawal in many ways and ignored my messages.
    2022-11-28 18:04
    Reply
    0
    0
    半江瑟瑟
    more than one year
    The withdrawal is too slow. I sent an email to customer service and they told me that it will be processed within 20 working days. I am really confused. I have never seen any broker take such a long time to process the withdrawal. Why are deposits so fast and withdrawals so slow?
    2022-11-27 13:47
    1
    0
    0
    机器人减肥,360德国溶脂
    more than one year
    I've been with Traders domain since September 2022 and have had a great time there. There has been a delay in processing pending withdrawals for longer than 20 working days, and responses from the support service have been sluggish recently. Please bring things back to normal shortly.
    2022-11-26 13:28
    Reply
    0
    0
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